Vikram B. Trivedi and Anr. v. Kalpavruksha Developers and Ors.
Case brief
What is this about?
The Court Receiver rejected offers totaling Rs. 90 lakhs for office suites, finding them insufficient per valuation. The Court ordered return of earnest money, resealing the valuation report, and a fresh rounded advertisement schedule.
What did the court decide?
Offers rejected; earnest money returned; fresh advertisement schedule fixed within six weeks; costs to Court Receiver allowed.